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BSL Ltd. profit misses consensus by 54.8% in fiscal Q4

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BSL Ltd. profit misses consensus by 54.8% in fiscal Q4

BSL Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to 62 Indian paise per share, compared with the S&P Capital IQ consensus estimate of 1.38 rupees per share.

EPS rose year over year from 27 paise.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 6.4 million rupees, a gain from 2.8 million rupees in the prior-year period.

The normalized profit margin rose to 0.7% from 0.3% in the year-earlier period.

Total revenue rose 5.0% on an annual basis to 876.3 million rupees from 834.7 million rupees, and total operating expenses grew 5.3% year over year to 829.5 million rupees from 788.0 million rupees.

Reported net income rose year over year to 19.4 million rupees, or 1.88 rupees per share, from 3.2 million rupees, or 31 paise per share.

For the year, the company's normalized net income totaled 3.30 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 6.48 rupees.

EPS rose 42.8% from 2.31 rupees in the prior year.

Normalized net income was 33.9 million rupees, a gain of 42.8% from 23.8 million rupees in the prior year.

Full-year total revenue grew 12.3% year over year to 3.80 billion rupees from 3.38 billion rupees, and total operating expenses grew 13.3% year over year to 3.62 billion rupees from 3.19 billion rupees.

The company said reported net income increased on an annual basis to 71.9 million rupees, or 6.99 rupees per share, in the full year, from 33.6 million rupees, or 3.27 rupees per share.

As of Aug. 18, US$1 was equivalent to 65.44 Indian rupees.